An EFG Eurobank Ergasias general shareholders’ meeting on Tuesday widely approved a merger plan with Dias Portfolio Investment SA, through the absorption of the latter.
The plan was approved by 93.37 percent of shareholders. They also approved a change in the exchange ratio to 5.3 shares of Dias for one new share of Eurobank EFG. The new exchange ratio was decided after a recommendation of EFG Consolidated Holdings SA –in which Eurobank EFG holds a 43.6 percent equity stake- after taking in consideration changes in market conditions. The merger plan is expected to be completed in a period of two months.
source: ANA
